Comparative financial statements for Weller Corporation, a merchandising company, for the year ending December 31 appear below. The company did not issue any new common stock during the year. A total of 600,000 shares of common stock were outstanding. The interest rate on the bonds, which were sold at their face value, was 10%. The income tax rate was 40% and the dividend per share of common stock was 50.40 this year. The market value of the company's common stock at the end of the year was $28. All of the company's sales are on account. Weller Corporation Comparative Balance Sheet (dollars in thousands) This Year Last Year Assets Current assets: Cash S 1,080 S 1,330 Accounts receivable, net 10.600 6.900 Inventory 12.800 10,800 Prepaid expenses 730 670 Total current assets 25,210 19,700 Property and equipment Land 9,100 9,100 Buildings and equipment, net 49,650 42.844 Total property and equipment 58,750 51,944 Total assets 583,960 $ 71,644 $19,400 1,040 160 $ 18,400 770 160 20,600 19,330 8,100 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Notes payable, short term Total current liabilities Long-term liabilities: Bonds payable Total liabilities Stockholders' equity Common stock Additional paid-in capital Total paid-in capital Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 8,100 27,430 28,700 600 4.000 600 4.000 4.600 50,660 4,600 39.614 55,260 44,214 $83,960 $ 71,644 Weller Corporation Comparative Income Statement and Reconciliation (dollars in thousands) This Year Last Year Sales $80,500 $ 65,000 Cost of goods sold 42,480 33,000 Gross margin 38,020 32.000 11,300 7.100 10.200 6,200 Selling and administrative expenses: Selling expenses Administrative expenses Total selling and administrative expenses Net operating income Interest expense 18,400 16,400 19,620 810 15,600 810 Net income before taxes Income taxes 18,810 7,524 14,790 5,916 11.286 240 8,874 600 Net income Dividends to common stockholders Net income added to retained earnings Beginning retained earnings Ending retained earings 11.046 39.614 8,274 31,340 $50,660 $ 39,614 Required: Compute the following financial data for this year. 1. Accounts receivable turnover. (Assume that all sales are on account.) (Round your answer to 2 decimal places.) Accounts receivable turnover 2. Average collection period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average period days 3. Inventory turnover. (Round your answer to 2 decimal places.) Inventory turnover 4. Average sale period. (Use 365 days in a year. Round your intermediate calculations and final answer to 2 decimal places.) Average sale period days 5. Operating cycle. (Round your intermediate calculations and final answer to 2 decimal places.) Operating cycle days 6. Total asset turnover. (Round your answer to 2 decimal places.) Total asset turnover